Compare the best Islamic trading accounts & brokers in 2025

Trade your favourite markets with our top-rated broker, eToro.

eToro 4.6/5

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Adhering to Islamic principles and beliefs is a vital consideration for many traders. This comprehensive guide provides a list of the best Islamic trading accounts and halal trading platforms that cater to the unique needs of Muslim traders worldwide.

Our team of experts has thoroughly tested and ranked these Islamic trading accounts, evaluating factors such as compliance with Sharia principles, the availability of swap-free accounts, transparent fee structures, and the overall trading experience. 

Each platform has undergone rigorous testing and analysis to ensure that it meets the highest standards of Islamic finance, providing traders with a seamless and ethical trading environment. 

Whether you’re an experienced trader seeking a halal trading platform or a newcomer exploring the world of Islamic trading, use our guide to help find the best broker for your needs.

Best Islamic trading brokers for 2025

What are the best halal accounts & trading brokers?

Use one of the top all-round trading platforms by clicking through the links in the table below. These options have been chosen by our financial experts and you can get more information on each in our reviews section. Otherwise, keep reading to learn more about how to choose between them. 

4.6

eToro

Min. Deposit $100

Fees 1%

No. assets 3600+

Demo account Yes

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eToro review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

4.5

Plus500

Min. Deposit $100

Fees From 2%

No. assets 2800+

Demo account Yes

Visit site

Plus500 review

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

Best Islamic trading accounts & brokers

Min. Deposit n/a

Fees -

No. assets n/a

Demo account -

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Top 7 Islamic trading brokers, reviewed

1. eToro. Best for beginners, copy-trading & demo-account

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4.5

Ratings

$100

Min. deposit

0% commission

Fees

3,600

No. assets

Yes

Demo account

Overview

We love eToro because it’s a crypto trading platform built with beginners and casual traders in mind. The platform combines an interactive, social trading experience with an easy-to-use interface, making it ideal for novice traders.

The far-reaching catalog of 100 cryptocurrencies includes big names like Bitcoin and Ethereum, as well as smaller crypto tokens with high growth potential. Some supported tokens can be seamlessly transferred to the eToro Money crypto wallet for safekeeping.

One feature we particularly appreciate is the ability to interact with eToro’s 35 million users on any asset, market, or portfolio page. If you find traders whose strategies match your risk tolerance, you can copy their portfolios automatically using eToro’s flagship copy trading functionality. eToro crypto’s Smart Portfolios offer a great entry point into digital currencies, an opportunity to learn and potentially benefit from the expertise of more experienced traders.

If you don’t feel comfortable investing your cash straight away, you can use a free demo account, credited with $100,000 virtual dollars. This offers plenty of opportunities to try out a trading strategy that works for you across the 100 crypto tokens available.

Highlights

No. of tradable assets	3600+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Index CFDs, Commodity CFDs, NFTs, Crypto
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC, FinCEN

Fees & Costs

Trading fees	Yes, on certain assets
Inactivity fees	Yes
Rollover/overnight fees	Yes, on CFDs
Withdrawal fees	Yes
Spreads	Yes, on certain assets
Conversion fees	Yes, for non-USD currencies

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Read review Visit eToro

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

2. Plus500. Best for international trading*

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4.5

Ratings

$100

Min. deposit

From 0.8%

Fees

2,800

No. assets

Yes

Demo account

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you trade. Its technology driven platform gives access to futures for the two biggest cryptos, Bitcoin and Ethereum. 

Plus500 has something for all types of crypto trader, no matter what level of experience. Its low margin requirements of $20 for Ether and $100 for Bitcoin make it a top choice for day traders. At the same time, its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: Plus500 charges a commission of $0.49 per Micro contract and $0.89 per Standard contract (per side). There is an Auto-Liquidation fee of $10 per contract. Other exchange fees may be applicable and can be found on the CME group website. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

No. of tradable assets	2800+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, ASIC, FMA, FCA, CySEC

Fees & Costs

Trading fees	No
Inactivity fees	Yes
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools

No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Read review Visit Plus500

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

3. Public. Best for AI analysis

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4

Ratings

$20

Min. deposit

Spreads

Fees

9,000

No. assets

No

Demo account

Overview

We love Public because it makes use of cutting-edge AI technology to enhance your trading and investing experience. Public’s AI-powered feature, Public Alpha offers personalized insights and recommendations through its natural language interface in real time. 

Public’s AI technology helps you make more informed decisions by analyzing massive amounts of data and providing actionable insights. These AI-driven insights are easily accessible and give users access to the latest advancements in crypto analysis and trading. 

Not only do can you use AI to help your crypto investments, Public is one of the lowest cost brokerage firms out there. You can invest in a selection of cryptocurrencies without breaking the bank or having to invest large sums. Public charges 1.25% of your order amount, which is considerably cheaper when compared to similar platforms. 

The fees: There are no fees for investing in stocks during regular trading hours in the US – 9.30am-4pm EST. There is a $2.99 fee for trades outside of regular hours. Alternative investments, including cryptocurrency, are charged a 1.25% fee per transaction.

Highlights

No. of tradable assets	9,000 +
Min. Deposit	$20
ID verification required	Yes
Free demo account	No
Supported assets	Stocks, ETFs, Crypto, , ,
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	SEC, FINRA, SIPC

Fees & Costs

Trading fees	Yes
Inactivity fees	Yes
Rollover/overnight fees	No
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments

You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Read review Visit

Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

What is an Islamic broker?

A trading platform that complies with Islamic ethics and principles so that Muslims can invest in a way that matches their faith. Usually, a stock broker does this by offering a specifically Islamic account that doesn’t charge interest or any hidden fees alongside its regular services.

How do halal stock brokers work?

Halal stock brokers cater to the needs of Muslim traders by providing Islamic trading accounts that strictly adhere to the principles of Islamic finance and Sharia law. Here’s how these brokers operate.

• Swap-free accounts. One of the key features of Islamic trading accounts is the availability of swap-free accounts. In conventional trading, overnight positions are subject to rollover swap points or financing fees. However, Sharia law forbids the paying or receiving of interest, as it is considered haram (prohibited). Swap-free accounts eliminate these interest-based charges, ensuring full Sharia compliance.
• Interest-free. Islamic trading accounts are structured to be completely interest-free. This means that Muslim traders can engage in activities like stock trading, trading CFDs, and other financial instruments without violating the Islamic prohibitions against interest-based transactions.
• Leverage and margin. While leveraged positions and margin trading are permitted under Islamic finance, they are subject to specific rules. Islamic accounts often have separate procedures for handling leverage, ensuring that no interest is charged or paid on the borrowed funds.
• Asset classes. Halal stock brokers carefully screen the asset classes they offer to ensure that they comply with Sharia law. Investments in industries like gambling, alcohol, or conventional banking may be restricted or prohibited altogether.
• Oversight. Many brokers with Islamic accounts have dedicated Islamic scholars or advisory boards to oversee their operations and ensure strict adherence to Sharia principles.
• Additional features. To cater to Islamic traders, brokers may offer additional features like swap-free demo accounts, social trading, copy trading, and educational resources focused on Islamic trading principles.
• Costs and fees. While Islamic trading accounts avoid interest-based charges, Muslim traders may still be subject to other trading costs, such as spreads, commissions, or fees that are compliant with Sharia law. 

What should I look for in a halal trading platform?

The most important thing to look out for is obviously how well it complies with Islamic law. However, there are lots of other things that you should think about when choosing a broker to make sure you get the best experience. Here are the top factors to consider.

Design and ease of use

You want to be able to find all the information you need and navigate the site as easily as possible. For a start, every broker should have its Islamic trading account rules posted somewhere that’s easy to find so that you know what you’re getting into. Platforms that have an app might be the best option if you want a convenient way to invest. 

Demo account

A demo or ‘virtual’ account is a feature that lets you trade without putting your capital at risk. It’s a great way to practice on the real stock market without the danger of losing a lot of money while you’re learning how it works. Any broker worth its salt should offer this feature and turning it on and off is usually as simple as flicking a switch in your account settings.

Low fees 

Brokers make their money by charging fees on actions that you take, be that on trades, deposits and withdrawals, simply holding money in your account, or a combination of all three. The lower the better, but be aware that Islamic accounts might be charged slightly higher fees than regular ones. 

This is because of ‘overnight fees’, which are interest payments charged on open CFD positions at the end of every trading day. Islamic accounts aren’t charged these fees so the broker often charges a bit more for other tasks to make up the difference. The important thing is to make sure there are no hidden fees and that everything you have to pay is clearly stated when you sign up.

Here are the fees charged by the top three Islamic trading accounts:

Small spreads

Like with fees, the spread is a way for brokers to make money. The spread is the difference between the buy and sell price of an asset, the wider they are, the more of a cut the broker is taking each time. Small, or ‘tight’ spreads are best but, again, they are an area where Islamic accounts might have to pay a bit more.

You should shop around for the best value, which means looking for the smallest spreads. In general, though, the broker has to make money somewhere and so you have to decide whether you want to pay more in fees or pick a platform with wider spreads. 

Here’s a look at the spreads for the three best Halal trading accounts:

Regulation

You should always pick a regulated broker, as they offer the most protection for your money in case anything goes wrong. You can also judge a platform by its reputation among its existing customers. Online user reviews are a great place to get a feel for that reputation, while our own extensive reviews can help as well.

User reviews

Insights from existing users can be an excellent way to help decide if an Islamic stock broker is worth signing up for or not. Reading reviews from real customs on sites like TrustPilot can often give you information not available anywhere else. You can find scores for the top 3 Sharia stock brokers in 2025 using the table below:

Shares available to trade

You want to pick a platform that lets you buy or sell shares in any company that you’re interested in.  Every broker is going to offer the most popular companies, like Google or Facebook, but if you have a particular business or industry you want to invest in then check if the broker offers those shares before you start.

Remember too that there are some companies that don’t comply with Islamic investing principles themselves. Putting money in any company that makes the majority of its income through interest, or from anything that’s considered haram, such as gambling or pork for example, isn’t allowed. The ideal broker would flag up these companies to help you.

Research tools

As it’s so important for the Islamic investor to be able to judge a company’s ethics and how it makes its money, the ability to research them in more detail is crucial. A platform with its own stock screener, or one that lets you dive deeper into balance sheets can be a huge help. 

That’s because the rules aren’t completely black and white. Most scholars accept there is a bit of leeway and so a company that makes a small amount of money through unislamic practices – less than 5% from forbidden products is a good guideline – is an acceptable investment. 

Trading options

You should look for a broker that best matches up with how you plan to trade. There might be fewer options for a halal broker – future and options trading might not be permissible, for example – but Islamic investors can still use advanced features like leverage as long as it’s provided in a specific way that charges no interest.

Quick answers to key questions

Do brokers charge commissions or fees for trading Sharia stocks?

Yes, almost every broker charges fees of some description. The fees for Sharia accounts might be a bit higher than for regular accounts with the same broker as those accounts won’t be charged any overnight interest fees. 

Do I have to verify my identity with a stock broker?

Any regulated broker that complies with anti-money laundering laws should ask for a form of photo ID to verify your account before you can trade. These KYC (Know Your Customer) regulations are standard practice.

Can I buy multiple stocks with a broker?

You can own as many stocks as you like, as long as they comply with Islamic law. The only limit to the number of stocks you can own is how much money you’re willing to invest.

Do I need any extra software to use an Islamic stock broker?

Most platforms let you trade through their website or mobile app. In rare cases, you will have to download an extra piece of software, although it’s more common for forex trading rather than stocks and shares. The software is usually MetaTrader 4 and is fairly simple to get to grips with.

Should I use a broker to buy and sell sharia stocks?

We always recommend a broker as the best way to own shares and that’s no different for halal investing. Brokers are easy to use even for a beginner and come fairly cheap with lots of different trading options.

Still undecided?

To help you decide on a sharia broker we’ve summarised a list of the main pros and cons below. After that, there are a couple more questions for you to consider before you sign up.

Should I buy Sharia stocks now?

Generally investing in order to build your wealth over time is a good idea. Sharia investing is not only ideal for Muslims, but its core tenets of putting money in companies with ethical business practices and low debt is a good starting point for investors of any faith.

As with any investment, the exact timing depends on the price of the stocks you’re interested in and the state of the market as a whole. It also depends on whether you have a long or short term view, as the shorter the timeline the less a business’s fundamentals are a concern and it’s all about analysing price patterns to take advantage of small changes.

Whichever camp you fall into, staying on top of the latest news is important. Then you can use that information to influence your buy or sell decisions. Our analysts regularly take a look at the top performing companies and you can use their work to help shape your own research.

Where can I learn more about Sharia stock market trading?

Right here on Invezz. To start investing straight away you just have to head to the table above and pick a broker. Otherwise, you can take one of our stocks courses to learn about building a long term investment strategy first, or browse through the top halal stocks as chosen by our financial experts.